6272 5 wave
Dear All,If prices close at the same level for today. JNSAR will crossover J10 SAR to upside tomorrow implying top is in at 6415.Though cannot be proven empirically, but i have been observing this for past 2 years and the cross over worked well on many occasions both at the bottoms and tops.Raghavendra
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6368, S1-6319, R1-6419, VWAP-6330The CE writers slowly and steadily gaining control over the OI Table, but the PE writers still holding on, Till 6354NF is not crossed weakness remains…Thanks & Regards
Bearish: 6292 6294 ... is 50%-61.8% retrace of the last fall from …… 6301 to 628280% is - 6297 If weakness is to return, it should be around 6292 6294 Strength gets confirmed above 6294 OR 6297
ga sir nd friendsRIP - Wodeyar Maharaj.. sooo sadddbut students in hybernation mode or mood??bye - tcregds
Dear Sir,If possible kindly clarify. the above comments about bearish are only for intraday or even suggests for positional.(since positionally JNSAR & trend are up). Rgds
@ Swami Shivkumaar,They are for "Intraday" only till a signal from Day T/F confirms a reversal.(Aggressively or conservatively)
Bearish: 6313 6320 ... is 50%-61.8% retrace of the last fall from …… 6344 to 6282 80% is - 6332 If weakness is to return, it should be around 6313 6320 Strength gets confirmed above 6320 OR 6332
Alt. Retrace:Bearish: 6306 6313 ... is 38%-50% retrace of the last fall from …… 6344 to 6282 80% is - 6332 If weakness is to return, it should be around 6306 6313 Strength gets confirmed above 6313 OR 6332
@nissan deka Daily close below 156 should take it below 150 and 144 levels.
Dear Sir,Thanks for your reply. If we close below DHEMA or DEMA will that qualify for an aggressive sell and if we close below DLEMA as conservative.(as JNSAR IS below DLEMA).Till that time we have to be long. Is my understanding correct. Kindly suggest sir when time permits
New Post Done.
nifty targeting 6332 for the gap fill?If reaches 6332 and fails to break above then it may go down to 6270 very fast